Trading Signals for $XLM Stellar
Entry Range:
Long: $0.4220 - $0.4275
Short: $0.4650 - $0.4670
Take-Profit (TP):
Long: $0.4400 - $0.4550
Short: $0.4300 - $0.4250
XLM is currently exhibiting signs of consolidation after a sharp -5.85% drop over the last 24 hours, with a trading volume surge of +53.14%. The support at $0.4220 and resistance at $0.4670 create an ideal range for scalping. The 24-hour low indicates buying pressure around the $0.4220 level, suggesting potential for a short-term rebound. Conversely, the price struggling near $0.4670 shows resistance for a bearish position.
A scalping strategy here would involve targeting quick profits from short bursts in price movement while setting tight stop-loss levels to mitigate risk. Always monitor momentum indicators like RSI and volume for real-time confirmation before entering trades.
🥂Trade Here👇$XLM
🚨 Note: Trade at your own risk. DYOR (Do Your Own Research).
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